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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions, according to the IEA. Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. to 33 Gigatonnes (Gt) in 2018.

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Global power generation mix. Wind and solar grow from 7% of generation today to 48% by 2050.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

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BP selects Tesla batteries for pilot storage project at US wind farm

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BP Wind Energy, through its wholly-owned subsidiary Rolling Thunder I Power Partners LLC, has signed a purchase agreement to install a high-storage battery at its Titan 1 Wind Farm in South Dakota. Situated on 7,500 acres in Hand County, Titan 1 Wind Farm is wholly owned and operated by BP Wind Energy.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. over 2018 emissions. That compares to 2.1% growth a year earlier and 1.5%

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